prime Minister Mohammed S. Al-Sudani chaired a assembly on Sunday to review the reform process for Rafidain financial institution and Rasheed bank, with representatives from Ernst & young (EY) in attendance. The discussions focused on aligning the banks’ operations with worldwide requirements, addressing debt compensation mechanisms, and improving staff schooling.
The high Minister directed the acceleration of banking reforms, educating financial institution control to develop strategies for modernization and restructuring. He additionally reviewed development on the established order of Rafidain First bank, a newly authorized monetary group designed to enforce superior banking technologies and worldwide satisfactory practices.
Ernst & younger supplied financial and technical proposals for the new financial institution, which aims to aid authorities-led monetary reforms and contribute to Iraq’s monetary increase.
